FiTI legally registered as a members’ association in Seychelles
Victoria – 24 February 2020. The Fisheries Transparency Initiative (FiTI) has been legally registered today in the Seychelles as a global members’ association.
From June 2015 until January 2020, the German-based non-profit organization HUMBOLDT-VIADRINA Governance Platform was acting as the fiscal host for the initiative.
Recognizing the need to give the FiTI is own legal personality in order to ensure its long-term sustainability, the FiTI International Board, the initiative’s governing body, approved the legal institutionalisation of the FiTI in form of a members’ association.
The Government of the Seychelles, being one of the first countries to commit to the FiTI, announced their official commitment to host such an association at the 2018 Our Ocean Conference in Bali/Indonesia. The official opening ceremony took place on 28 May 2019 in Victoria/Seychelles, and was attended by the President of Seychelles, Danny Faure, Vice-President Vincent Meriton, members of the government and the diplomatic corps, as well as over 70 national and international stakeholders within the fisheries sector.
As of 24 January 2020, the FiTI has now been duly registered as a global members’ association under Seychellois law (registration number A431648). Furthermore, the transition of its operations from Berlin/Germany to Victoria/Seychelles has also been completed.